The partnership will begin with APEXX processing payments, including cards and Alternative Payment Methods, for ASOS customers across several major European markets, before supporting ASOS in more international geographies later. The aim is to deliver an uptick in ecommerce acceptance rates and diminution of costs because of using APEXX’s strategically placed payment partners.
APEXX has launched as ASOS’ Payments Orchestration Layer across several of its major European markets. By providing this service, APEXX will coordinate and manage the authorisation, processing, and optimisation of transactions.
As a specialist in cross-border payments, APEXX identifies and partners with local banks to avoid cross-border fees and attract cheaper domestic rates from the different global payment Schemes, like Visa and Mastercard, according to the official press release. These local banks also grant APEXX and its customers access to local payment Schemes such as Carte Bancaire in France, China UnionPay, and the Russian Mir Scheme.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.